From its pump at the end of last year, ADA has fully retraced to the 78.6 fib level and has formed a nice W. These next 2 candles will be critical to figure out its next move but all signs are pointing up. we have a good trade location and market structure but we want one of the next few candles to close above the top of that W to give us confirmation which looks likely with the bullish hammer candlestick that is forming on the day. Macd is climbing away from the signal line and we are testing that 50 MA. combine this with the recent news from coinbase and one strong push is all we need to get this train rollin. setting a target around the 3000 satoshi Mark. This is just my opinion and not advice. do your own research and come to your own decisions. Happy trading. Good luck!
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ADA is Still in an uptrend although im sure it is being slowed down by Bitcoins indecisiveness. Until we see a major break in support of the uptrend I dont see any reason why ADA wont reach the target set. Willy remains bullish as does the macd. if I see any major changes I will update
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2 options on movement from here.
2 options on movement from here.